Location: Puerto Viejo, Limón, Costa Rica
Located in Playa Negra, one of the fastest-growing and highest-appreciation coastal areas, lies this prime 1,000 m² (0.25-acre) property—an ideal asset for investors seeking immediate rental income and long-term capital appreciation.
The property features 5 distinct apartment units designed to maximize space, functional living, and privacy within a serene, tropical setting. Furthermore, it boasts a strategic location on a road planned for direct beach access in the near future, guaranteeing significant value growth.
Unit Layout Breakdown
Apartment 1 (Turnkey Unit):
1 Bedroom (Queen bed)
1 Full bathroom
Integrated kitchen, living, and dining area
Cozy covered terrace
Dedicated parking space for 1 vehicle
Apartment 2 (Spacious with Private Greenery):
2 Large bedrooms
1 Full bathroom
Open-concept living and dining area
Generous private garden and covered terrace
Covered multi-purpose outdoor space (ideal for a workshop or storage)
Parking for 2 vehicles
Apartment 3 (Outdoor Living & Private Pool):
Integrated Loft design (bedroom, living, and kitchen all-in-one)
1 Full bathroom
Covered outdoor deck featuring an outdoor kitchen
Built-in private plunge pool
Private carport and dedicated laundry area
Apartment 4 (Private & Secluded):
Integrated living, dining, and bedroom layout
1 Separate bathroom
Charming covered terrace
Large private garden with dedicated parking space
Apartment 5 (Under Construction / Expansion Potential):
2 Bedrooms
Spacious living, dining, and kitchen area
Oversized outdoor terrace
Expansive private yard
Two Purchase Options
Purchase Option 1: 645 m² (6,942 sq ft) corner property with a 42-meter frontage. Includes 4 houses on the lot. Price: $310,000 USD.
Purchase Option 2: 1,000 m² (10,763 sq ft) property that includes 5 built apartments. Price: $360,000 USD.
Investment Highlights & Commercial Appeal
Mitigated Risk & Continuous Cash Flow: Unlike single-family rentals, having 5 independent units diversifies income sources. If one unit is temporarily vacant, the remaining units maintain steady cash flow, securing your return on investment.
Active Rental Revenue: The 4 completed units currently rent between ¢280,000 and ¢300,000 CRC each (approx. $615 to $660 USD per unit), generating ~$2,450 to $2,600 USD/month, with projections exceeding $3,200 USD/month upon completion of the 5th unit.
Total Privacy & Pet-Friendly Design: Every apartment has its own private entrance and fully fenced perimeter. This ensures maximum tenant privacy and creates a highly desirable pet-friendly environment, driving high occupancy rates.
Infrastructure & Utilities
Lot Size: 1,000 m² (10,763 sq ft)
Electrical System: 2 independent meters for optimized load distribution.
Water Supply: 2 strategically placed water wells ensuring consistent pressure and flow across all units.
Emergency Water Backup: 3 additional rainwater storage tanks providing seamless utility backup during power outages or main system maintenance.
Appreciation Potential: Positioned directly on the road slated for future direct access to the ocean.
Ready to make a smart investment in the Caribbean?
Contact us today at Coldwell Banker Caribe to schedule a private walkthrough, review financial projections, and explore the full potential of this income-generating property in Playa Negra.
